Monday, October 1, 2018

Infinera completed its previously-announced acquisition of Coriant. Under the deal, which was announced on July 23, 2018, Infinera issued 20,975,384 shares of its common stock and will pay an aggregate amount of cash consideration consisting of approximately $230 million, of which approximately $154 million was paid upon closing.

Infinera said the acquisition significantly increases its revenue and customer base. The newly combined company serves nine of the top 10 global network operators and the top six global internet content providers as customers. The combined portfolio includes end-to-end packet optical network solutions for communications service providers and internet content providers.

“This is an exciting day for Infinera. The acquisition of Coriant is a major milestone, expanding the scope of our vertical integration strategy across a powerful suite of packet optical solutions for our customers,” said Tom Fallon, Infinera CEO. “The acquisition immediately strengthens our ability to serve a global customer base and accelerates delivery of the innovative solutions our customers demand.”

Infinera agreed to acquire privately-held Coriant, creating one of the world’s largest optical network equipment providers. Infinera will pay approximately $150 million in cash at closing, and estimated additional amounts of $25 million in the two quarters post-closing and $55 million over a period of years. Infinera will issue approximately 21 million shares, which when combined with the cash consideration, results in total transaction consideration of approximately $430 million. Coriant’s majority owner, Oaktree Capital Management, will be compensated largely in stock. Post-transaction, Oaktree will own approximately 12 percent of the combined company on a fully diluted basis.

Infinera said the acquisition significantly scales the company as the next wave of global network spending begins as operators transform their networks from 4G to 5G, from Optical Transport Network (OTN) to packet and from closed to open network architectures. The company also says its vertically integrated business model delivers higher performance at lower cost for customers and higher profit margins for stockholders. The acquisition approximately doubles Infinera’s revenue and expands the company’s customer base to serve nine of the top 10 global network operators (five new to Infinera) and the top six global internet content providers (three new to Infinera).

“Joining forces with Infinera accelerates our vision of transforming next-generation networks with best-in-class innovation,” said Pat DiPietro, CEO and Vice Chairman of Coriant. “The combined company will benefit from Coriant’s significant investments in software automation and open, disaggregated solutions, which have gained significant traction and wide-scale adoption by customers around the world.”

The companies also noted:

Coriant invested nearly $1 billion in research and development over the last five years to significantly advance its portfolio to address the growing demand for software automation and open, disaggregated platforms.

Approximately 70% of Coriant's product revenue in 2017 (~80% projected in 2018) came from solutions that are new or have been refreshed in the last three years.

Coriant has over 80 trials in progress or have been completed to date in 2018 for Coriant’s suite of new products and automation tools.

Coriant’s SDN orchestrator Maestro has been deployed operationally at one of the two largest Tier 1 service providers in North America.

Coriant has added more than 20 new customers to date in 2018, seven of which are driving more than $1 million in annual revenue.

Infinera recently upgraded its portfolio based on its Infinite Capacity Engine (ICE4).

The acquisition is expected to close in the third quarter of 2018, subject to customary closing conditions.

Coriant said the upgrade to CloudWave Optics will allow NBN Co to increase maximum capacity on its transit network from 9.6 Tbps to 19.2 Tbps per fiber link while reducing capital and operating expense as a result of smaller footprint requirements, reduced power consumption, and greater throughput density. Coriant's technology also supports a seamless upgrade to 400G, as needed. Initial upgrade sites span high-traffic fiber links between Eastern Creek and Asquith in Sydney and the 3,600 km route between Brisbane, Queensland, and Darwin in the Northern Territory.

“Our transit network is the backbone of the nbn™ Multi-Technology Mix that aims to provide Australians with access to fast services,” said Kathrine Dyer, Chief Network Deployment Officer, NBN Co. “This upgrade will ensure we can continue to deliver a reliable and high-quality broadband access network for our wholesale customers even as high-bandwidth applications and the growth of internet usage continue to drive demand for network capacity.”

NBN Co’s backbone network – known as the Transit Network – was originally built using the Coriant hiT 7300 Multi-Haul Transport Transport Platform and spans over 60,000 kilometers of fiber around Australia to connect access nodes to NBN Co’s 121 Points of Interconnect (POI) where traffic is transferred to service providers.

"We are pleased to be a trusted partner to Converge ICT and were excited to have the opportunity to provide configuration support during the company’s recent MEF certification testing,” said Alfred Ling, Managing Director, North Asia & Oceania, Coriant. “Our CE 2.0-capable transport solutions are purpose-built for the fast, efficient, and reliable introduction of carrier-grade Ethernet connectivity, which enables service providers like Converge to differentiate their end-to-end service offerings.”

“The German economy continues to experience strong growth. The year over year doubling of IP traffic volumes we are seeing in the nation’s capital is further evidence of a robust business environment,” said Christian Kroeger, Managing Director, BCIX Management GmbH. “To meet the evolving high-speed connectivity demands of our customers, we are boosting the scalability of our backbone network with the Coriant Groove G30. After rigorous testing and analysis of competitive offerings, the Coriant solution demonstrated superior performance and flexibility, and met our stringent performance requirements for scalable, resilient, and low latency transport.”

Coriant said its flexible plug-and-play modular architecture and the recent introduction of a new Coherent Multiservice Sled, enables its Groove G30 solution to provide BCIX with a seamless and cost-effective path to higher interconnect speeds, including 400G client side and 600G line side transmission – without the need for forklift upgrades or costly and complex flexi-grid ROADMs.

“Berlin is an important internet hub not only for Germany, but also for the rest of Europe, and BCIX plays a critical role as a nexus point connecting many of the world’s most recognized brands and tech giants,” said Ronald Van der Kraan, Managing Director, Europe, Coriant. "We are excited to be working closely with BCIX as they enhance their customer value proposition and extend their market leadership as a premier provider of high-capacity internet exchange services.”

Unmatched speed and reach – 600 Gbps single wavelength transmission for DCI and metro applications (up to 38.4 Tbps of capacity per fiber); 400 Gbps up to 1,000 kilometers, and 200 Gbps up to 4,000 kilometers for long-haul applications

Tuesday, August 7, 2018

Copel Telecom, a regional telecom operator in Brazil and a subsidiary of the electric power utility company in the State of Paraná, has deployed 200G optical transmission technology from Coriant to scale its fiber backbone.

Copel Telecom uses Coriant's hiT 7300 DWDM platform to power its regional backbone, which supports residential Internet services covering more than 81 cities as well as corporate services offered in all 399 municipalities in Paraná. The recent upgrade uses Coriant CloudWave Optics technology to increase line-side transmission speeds to 200G per wavelength. In addition to increasing reach and spectral efficiency, the programmable interface solution enables Copel Telecom to reduce power, footprint, and cost as the network scales. Enhancements to the Coriant Transcend Chorus transport network management system enable simplified end-to-end service provisioning and advanced network control through software-defined programmability and automation.

“We continue to differentiate our services by helping customers take advantage of the digital revolution with fast, stable, and affordable connections,” said Adir Hannouche, Chief Executive Officer, Copel Telecom. “Our long-standing technology collaboration with Coriant has enabled us to keep pace with the capacity demands of end-user applications, and we are proud to announce that our network today is one of the first in Brazil to support 200G transmission.”

“The tremendous success that Copel Telecom has demonstrated with its residential GPON deployments has been one of the main drivers for increased capacity demand in the backbone network,” said Lucas Vanagas, Managing Director for South America, Coriant. “We are pleased to extend our relationship with Copel Telecom by providing the technology innovation, network design and professional services support that allows them to deliver an ultra-fast, always-on internet experience while reducing operations costs.”

Monday, July 23, 2018

Infinera agreed to acquire privately-held Coriant, creating one of the world’s largest optical network equipment providers. Infinera will pay approximately $150 million in cash at closing, and estimated additional amounts of $25 million in the two quarters post-closing and $55 million over a period of years. Infinera will issue approximately 21 million shares, which when combined with the cash consideration, results in total transaction consideration of approximately $430 million. Coriant’s majority owner, Oaktree Capital Management, will be compensated largely in stock. Post-transaction, Oaktree will own approximately 12 percent of the combined company on a fully diluted basis.

Infinera said the acquisition significantly scales the company as the next wave of global network spending begins as operators transform their networks from 4G to 5G, from Optical Transport Network (OTN) to packet and from closed to open network architectures. The company also says its vertically integrated business model delivers higher performance at lower cost for customers and higher profit margins for stockholders. The acquisition approximately doubles Infinera’s revenue and expands the company’s customer base to serve nine of the top 10 global network operators (five new to Infinera) and the top six global internet content providers (three new to Infinera).

“Joining forces with Infinera accelerates our vision of transforming next-generation networks with best-in-class innovation,” said Pat DiPietro, CEO and Vice Chairman of Coriant. “The combined company will benefit from Coriant’s significant investments in software automation and open, disaggregated solutions, which have gained significant traction and wide-scale adoption by customers around the world.”

The companies also noted:

Coriant invested nearly $1 billion in research and development over the last five years to significantly advance its portfolio to address the growing demand for software automation and open, disaggregated platforms.

Approximately 70% of Coriant's product revenue in 2017 (~80% projected in 2018) came from solutions that are new or have been refreshed in the last three years.

Coriant has over 80 trials in progress or have been completed to date in 2018 for Coriant’s suite of new products and automation tools.

Coriant’s SDN orchestrator Maestro has been deployed operationally at one of the two largest Tier 1 service providers in North America.

Coriant has added more than 20 new customers to date in 2018, seven of which are driving more than $1 million in annual revenue.

Infinera recently upgraded its portfolio based on its Infinite Capacity Engine (ICE4).

The acquisition is expected to close in the third quarter of 2018, subject to customary closing conditions.

Coriant named Pat DiPietro as its new Chief Executive Officer, effective immediately, replacing CEO and Chairman Shaygan Kheradpir, who has stepped down from his role to pursue other opportunities.

DiPietro will continue to serve as Vice Chairman of the Board, a role he has held since the founding of Coriant in 2013. DiPietro previously held senior leadership roles at Nortel and Bell Northern Research. He also previously served as Managing Partner at Canada’s VG Partners, overseeing the company’s Technology Fund. As a venture capitalist, he managed large portfolios and teams and sat on numerous Boards, including Sandvine, SiGe, Continuous Computing, BTI Systems and BelAir Networks.

Coriant also announced that Reza Ghaffari has been promoted to the role of Chief Operating Officer (COO), a new position within Coriant. Ghaffari will continue to lead Coriant’s global service and support organization, while assuming responsibility for the company’s global IT, human resources, and facilities functions. Between 2000 and 2005, Ghaffari also worked at Verizon where he was responsible for innovation, product development, and strategic partnership programs.

The Coriant Network Operating System (NOS), which is based on an open and modular software architecture, offers high-performance, hardware-independent flexibility and disaggregated software components including Open Network Linux operating system, hardware abstraction layer, IP stack, and network protocol suite. Coriant NOS software is built for modularity allowing customers to easily and quickly integrate and innovate with new functionality. It includes a sophisticated hardware abstraction layer that supports standalone and multi-unit forwarding architectures, as well as support for a broad set of protocols required in carrier networks and Data Center Interconnect (DCI) applications.

Coriant noted that its new operating system relies on its field-proven IP/MPLS stack for applications requiring high performance, high scalability, and high resiliency. It offers open APIs to simplify integration into existing environments and to enable operators to reap the benefits of a programmable infrastructure.

Coriant introduced the first in a series of "Vibe" carrier-class white boxes for service aggregation from access to the core.

The new, 2RU Coriant Vibe X90 Programmable Packet Platform, which is a key component of the Coriant Hyperscale Carrier Architecture, is a cost-optimized white box solution for IP transport network applications where cost-efficient Layer 2/3 service aggregation is required for a dense mix of 1G, 10G, 25G, and 100G interfaces, including in Provider Edge and Central Office environments. It supports 900 Gbps of full-duplex switching capacity in single node configurations and scalability up to 2.7 Tbps in stacked configurations, with further scalability enabled in POD configurations.

Key features include:

Carrier-class performance – to ensure a best-in-class customer experience as IP traffic and services scale, the Vibe X90 system architecture is purpose-built for telco environments and supports a wide breadth of carrier-grade operations, including packet synchronization (IEEE 1588, SyncE), large packet buffers, ETSI-standard rack sizes, node stacking, and control and data plane redundancy

Open, agnostic software control – to break vendor lock-in and accelerate innovation cycles, the Vibe X90 is built upon Open Network Install Environment (ONIE) and Open APIs, enabling flexible software portability with compatible NOS software, such as the Coriant NOS, and SDN/NFV orchestration in multi-vendor, multi-layer environments

Cost-efficient IP network scalability – single and stacked configuration node options, coupled with support for horizontal scalability enabled by leaf and spine POD architectures, provide the foundation for flexible and cost-efficient multi-unit scalability, with full resilience for control and data plane traffic

Application-optimized features – the Vibe X90 supports important networking features such as advanced timing capabilities that enable a variety of mobile and converged applications where flexible scaling and accurate packet synchronization is critical to service availability

Tuesday, June 26, 2018

Coriant introduced the first in a series of "Vibe" carrier-class white boxes for service aggregation from access to the core.

The new, 2RU Coriant Vibe X90 Programmable Packet Platform, which is a key component of the Coriant Hyperscale Carrier Architecture, is a cost-optimized white box solution for IP transport network applications where cost-efficient Layer 2/3 service aggregation is required for a dense mix of 1G, 10G, 25G, and 100G interfaces, including in Provider Edge and Central Office environments. It supports 900 Gbps of full-duplex switching capacity in single node configurations and scalability up to 2.7 Tbps in stacked configurations, with further scalability enabled in POD configurations.

Key features include:

Carrier-class performance – to ensure a best-in-class customer experience as IP traffic and services scale, the Vibe X90 system architecture is purpose-built for telco environments and supports a wide breadth of carrier-grade operations, including packet synchronization (IEEE 1588, SyncE), large packet buffers, ETSI-standard rack sizes, node stacking, and control and data plane redundancy

Open, agnostic software control – to break vendor lock-in and accelerate innovation cycles, the Vibe X90 is built upon Open Network Install Environment (ONIE) and Open APIs, enabling flexible software portability with compatible NOS software, such as the Coriant NOS, and SDN/NFV orchestration in multi-vendor, multi-layer environments

Cost-efficient IP network scalability – single and stacked configuration node options, coupled with support for horizontal scalability enabled by leaf and spine POD architectures, provide the foundation for flexible and cost-efficient multi-unit scalability, with full resilience for control and data plane traffic

Application-optimized features – the Vibe X90 supports important networking features such as advanced timing capabilities that enable a variety of mobile and converged applications where flexible scaling and accurate packet synchronization is critical to service availability

Wednesday, June 20, 2018

GÉANT, which operates the backbone network that interconnects the national research and education networks in Europe, has selected the Coriant Groove G30 Network Disaggregation Platform and Coriant Transcend Chorus transport network management solution to scale its European backbone network.

“The research and education communities that GÉANT and its National Research and Education Network (NREN) partners serve have always been at the forefront of requirements on network capabilities,” said Bram Peeters, Chief Network Operations Officer, GÉANT. “Bandwidth demands continue to grow dramatically across many scientific disciplines, and with Coriant’s cost-optimized Groove G30 solution we expect to be able to bring the right levels of capacity and resiliency to keep in step with this evolution.”

Coriant said GÉANT selected its Groove G30 platform for its ultra-compact 1RU form factor, low power consumption, and the ability to support pay-as-you-grow scalability with its highly modular SLED-based system design.

“GÉANT and its NREN partners play a critical role in Europe by providing the robust infrastructure that allows the best and brightest minds to collaborate virtually and drive innovation by accelerating research,” said Ronald Van der Kraan, Managing Director, Europe, Coriant. "We are excited to advance our technology collaboration with GÉANT and help them continue to deliver the service performance and scale that more than 50 million research and education users rely on.”

Wednesday, June 13, 2018

Coriant will market, sell, and support nuPSYS’ automation and visualization solutions worldwide. The companies said they are already engaged with multiple Tier-1 prospective customers for these.

nuPSYS provides data center and wireless cell site automation and visualization solutions (nuVIZ) including simultaneous and correlated 3D-Network-IoT triple views (physical-logical-cameras/sensors), supporting full lifecycle management from design to monitoring. nuVIZ enables Virtual-Presence and significant automation resulting in substantial cost, time and risks savings for data center and cell site design and operations, for Multi-access Edge Computing (MEC), mobile and wired networks, and IoT.

“Our teaming with nuPSYS enhances the value proposition Coriant can offer its global customers with disruptive innovation optimized for new service creation and significant cost savings,” said Homayoun Razavi, Chief Customer Officer and Executive Vice President of Global Sales and Digital Marketing, Coriant.

Thursday, May 17, 2018

HOPUS, a Marseille-based provider of IP connectivity services, has deployed the Coriant Groove G30 Network Disaggregation Platform to scale network capacity and accelerate provisioning of high-speed transit services. The new regional network deployment will support 100G DWDM transport between the Paris and Amsterdam metropolitan markets and enable efficient delivery of end-to-end internet exchange and IP services.

“With the unabated explosion of high-bandwidth end-user applications, not only is demand for capacity growing, but so is our customers’ need for faster response times,” said Philippe Duguet, CEO at HOPUS. “In order to address these evolving demands, we needed an optical transport solution that could meet our stringent performance requirements for efficiency, scalability, and resiliency, while offering operational simplicity and flexibility to facilitate fast and easy service deployment. The Coriant Groove G30 proved the ideal solution.”

“HOPUS is recognized for operating a high-performance IP network proven to deliver the highest level of service performance and reliability,” said Ronald Van der Kraan, Managing Director, Europe, Coriant. "We’re proud to be their technology partner and look forward to helping them evolve their network and support a best-in-class customer experience with our open, disaggregated, and software-driven solutions.”

Wednesday, May 2, 2018

Coriant named Pat DiPietro as its new Chief Executive Officer, effective immediately, replacing CEO and Chairman Shaygan Kheradpir, who has stepped down from his role to pursue other opportunities.

DiPietro will continue to serve as Vice Chairman of the Board, a role he has held since the founding of Coriant in 2013. DiPietro previously held senior leadership roles at Nortel and Bell Northern Research. He also previously served as Managing Partner at Canada’s VG Partners, overseeing the company’s Technology Fund. As a venture capitalist, he managed large portfolios and teams and sat on numerous Boards, including Sandvine, SiGe, Continuous Computing, BTI Systems and BelAir Networks.

Coriant also announced that Reza Ghaffari has been promoted to the role of Chief Operating Officer (COO), a new position within Coriant. Ghaffari will continue to lead Coriant’s global service and support organization, while assuming responsibility for the company’s global IT, human resources, and facilities functions. Between 2000 and 2005, Ghaffari also worked at Verizon where he was responsible for innovation, product development, and strategic partnership programs. Dur

“On behalf of the Board and the management team, we wish to thank Shaygan for his commitment and many contributions to Coriant over the past three years,” said DiPietro. “I’m thrilled to take the helm of Coriant as it transforms to drive new value for its global customers with cost-disruptive innovations in open, software-driven, and revenue-enhancing products and technologies.”

Tuesday, April 24, 2018

Coriant has been awarded Gold level recognition in sustainability performance in a survey conducted by EcoVadis, an independent rating agency specialized in the evaluation of supply chain sustainability. This is the second consecutive year that Coriant has received a Gold Rating, placing it among the top 5% of all companies for sustainability performance and excellence.

"The consecutive Gold Award from EcoVadis reflects Coriant’s long-term commitment to conducting its business in an ethically, socially, and environmentally responsible manner,” said Homayoun Razavi, Chief Customer Officer and Executive Vice President of Global Sales & Digital Marketing, Coriant. “Our dedication to CSR drives continual improvement throughout our business and ensures that the value we offer our customers encompasses not only best-in-class technology and multi-sided solution innovation, but also the highest level of sustainability, which is critical today, and for future generations."

Wednesday, April 18, 2018

InterNexa, a leading connectivity infrastructure and ICT solutions provider in Latin America, and Coriant completed an open optical transport field trial featuring disaggregated 100G and 200G transmission over third-party optical infrastructure.

The open optical transport field trial spanned active transmission links on InterNexa’s backbone network using the Coriant Groove G30 Network Disaggregation Platform equipped with Coriant CloudWave Optics coherent transport technology. The testing encompassed multiple alien wavelength use cases, including DCI-optimized 200G 16QAM coherent transmission across a direct link between Bogotá and Medellín at a distance of 364 kilometers and ultra-long haul DWDM 100G QPSK transmission between the same cities using an express route through Cali for a total distance of approximately 1,400 kilometers. The latter ring-based alien wavelength use case was implemented across a third-party, 50 GHz ROADM-based network architecture.

Tuesday, April 3, 2018

Coriant announced the promotion of Robert Shore to the role of Senior Vice President of Global Sales Enablement, where he will lead a global team driving the company’s ongoing transformation into a software-centric and multi-sided platform solutions provider in a new era of open ecosystem innovation. His responsibilities include global sales strategy, multi-sided platform partnerships, technical sales, systems engineering, network planning and design, product marketing, brand communications, and digital and social media marketing.

“I am thrilled to promote Rob to one of the most critical roles on my executive leadership team,” said Homayoun Razavi, Chief Customer Officer and Executive Vice President of Global Sales & Digital Marketing, Coriant. “Rob brings a wealth of customer-facing industry experience and solution expertise that will be instrumental as we expand the value we bring to our global customers with service-enabling software solutions and multi-side platform innovations spanning 5G, IoT, cloud, and the Industrial Internet.”

Unmatched speed and reach – 600 Gbps single wavelength transmission for DCI and metro applications (up to 38.4 Tbps of capacity per fiber); 400 Gbps up to 1,000 kilometers, and 200 Gbps up to 4,000 kilometers for long-haul applications

"Our design philosophy from the outset was focused on giving our customers the ultimate in configuration flexibility at the lowest cost,” said Željko Bulut, Coriant’s Groove Product Line Manager. “With the latest advances to our open Groove G30 Network Disaggregation Platform, we maintain our market leadership in reach and capacity across the full range of applications, including access, DCI, metro, long haul, and submarine transport.”

Monday, March 5, 2018

Coriant appointed Sandra Krief as Managing Director for North America, responsible for sales operations, business development, channel strategy, and customer support throughout the U.S. and Canada. She will report directly to the company’s Chief Customer Officer and EVP of Global Sales and Digital Marketing, Homayoun Razavi.

Previously, Krief served as Global VP at BroadSoft, a Cisco company, where she oversaw the company’s largest global customers including Verizon, AT&T and Sprint.

Sunday, March 4, 2018

Coriant has announced several advancements to its Hyperscale Carrier Architecture (HCA), which is its open, agile, automated, and software-driven approach to network service innovation and which is aligned to CORD and optimized for Multi-access Edge Compute (MEC). The latest advancements include:

Coriant Transcend Network Control and Orchestration Software enhancements - (1) the addition of an NFV MANO for managing Virtualized Network Functions (VNFs) in the highly distributed compute environment. This was developed using the Aricent MANO framework (2) the introduction of an advanced Virtual POD Controller (vPC) for helping network operators to seamlessly scale disaggregated solutions by effective end-to-end network control including service stitching.

Coriant IP/MPLS Network Operating System (C-NOS) – an open, disaggregated approach to packet-based networking. The Coriant NOS is designed to operate on industry-standard COTS whiteboxes as well as application-optimized carrier-grade whiteboxes such as the new Coriant Vibe series.Coriant Vibe Series of Programmable Packet Platforms – this series of application-optimized, carrier-class whiteboxes boasts important networking features such as hardware acceleration, advanced timing capabilities to enable a variety of MEC services and applications, and support for seamless horizontal scalability. Coriant said its Vibe series can provide the foundation for a disaggregated open networking solution or can be added to a COTS whitebox-based disaggregated networking solution to enable/enhance specific network applications

“In today’s fast-paced and highly competitive services market, network operators need to evolve their multi-layer infrastructure networks to maximize the value of faster innovation cycles in hardware and software components and best-in-class functions and solutions,” said Uwe Fischer, Executive Vice President, R&D and PLM, and CTO, Coriant. “One of the key challenges that operators face is the limitations imposed by proprietary approaches that result in vendor lock-in, especially in the IP routing domain. Our Hyperscale Carrier Architecture breaks that stranglehold and accelerates new service deployment by leveraging an open hardware and software ecosystem that unlocks the barriers to seamless automation and the virtualization of network functions across network layers.”

Tuesday, February 20, 2018

Coriant announced the appointment of Dr. Hossein Moiin as Strategic Executive Advisor.

Dr. Hossein Moiin is the former Executive Vice President, Chief Technology (and Strategy) Officer of Nokia and Nokia Siemens Solutions. He holds several degrees including a Ph.D., M.S. and B.S. from the University of California, Santa Barbara in Electrical and Computer Engineering. In addition to his role at Nokia, Dr. Moiin had leadership roles at BT, T-Mobile International, and Sun Microsystems.

Tuesday, February 13, 2018

Coriant announced a partnership with Prodea to deliver IoT services. The companies will leverage Coriant’s new Multi-Sided Platform Partnership Program and Prodea’s new IoT Service X-Change platform and ecosystem tp accelerate global adoption of IoT services.

Prodea’s IoT Service X-Change is a platform offering turnkey solutions and a framework for rapid IoT service creation and delivery with a comprehensive ecosystem of best-of-breed offerings including guaranteed quality of service. It was developed to solve a number of real problems in the IoT industry, such as:

1) Empowering service providers to participate in the IoT value chain beyond connectivity;
2) Providing a vehicle for efficient launch of partner-powered IoT solutions; and
3) Enabling monetizable and scalable services, rather than just technology components.

“While service providers, enterprises, and other organizations have been working to bring profitable IoT services to market, the full potential of these services has not been realized. In most cases, the challenge has been less about technology and more about optimal approaches to business models, specific verticals, and ecosystem partners,” said Homayoun Razavi, Chief Customer Officer and Executive Vice President of Global Sales & Digital Marketing, Coriant.

“We chose to partner with Prodea not only because of their technology innovation, but also because their IoT Service X-Change can form the basis for our Multi-Sided Platform Partnership Program’s distribution of IoT services from ecosystem partners to customers worldwide. We believe this brings together all the right go-to-market ingredients, enabling service providers and enterprises to accelerate monetization of IoT services.”